k...thanks for advice....

buy now?

haha...fund run off?

why sell so early?

4.0 at CNY

told u all buy and keep....congrat those who buy c8 @ 0.200

plz read....not mention anything yet...all glove up currently

3.35

then sure fly...

maybe supermx?

KUALA LUMPUR (Jan 6): Armed with a war chest of cash from a stellar financial year 2015 and a strong first quarter financial year 2016 (1QFY16) results, Top Glove Corporation Bhd ( Valuation: 1.10, Fundamental: 2.70) is now on the prowl for mergers and acquisitions (M&As) and is looking to seal a deal by August this year.

Its chairman Tan Sri Lim Wee Chai said today that the company has shortlisted three local companies for an M&A exercise, to be concluded within the company's financial year ending Nov 30, 2016 (FY16) in the glove-related sector.

"We have allocated RM100 million to RM1 billion for the M&A (exercise)," he said, after a briefing on the company's 1QFY16 results.

"We are looking at the glove sector, printing, packaging and chemical sectors, and even the glove mould sector," he added.

Top Glove's net cash position is RM366.1 million as of 1QFY16, while borrowings stood at RM499.1 million.

Although Lim said the company is looking to fulfill the M&A with cash or bank borrowings, he did not discount the possibility of issuing shares to raise capital.

For 1QFY16, Top Glove recorded an all-time increase of 163.6% to RM128.34 million or 20.64 sen per share, from RM48.68 million or 7.85 sen per share a year ago, on the back of a strong US dollar and lower raw material prices.

Revenue rose to a record high of RM800.3 million, a 41% growth from RM567.6 million in 1QFY15.

Meanwhile, Top Glove executive director Lim Cheong Guan said the company is targeting a 10% to 15% growth in sales volume, underpinned by increased competitiveness in Malaysia's glove sector, on the back of a weak ringgit.

"Chances are very good that we can record a higher (profit) margin. The guidance we have received is 5% to 9% this year," he added.

Lim also said that the company plans to increase mechanisation and automation.

The company is also planning to expand operations, with a new factory in Klang to be ready by February 2017.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

yalo...told u all.buy...but someone say i not right.....juz see my previous comments....

shuld glove recover?

stupid fahmi....call sell...he wan everyone sell low...beware

waiting for extra force

but however is gap up right?

is gap up bro...

Eatenbyshark gap up tmr...dun miss
29/12/2015 16:51

DummyR @ Eatenbyshark

What make you think tmr will gap up? From what i see C8 suppose to gap down. Today open 3.28 C8 is 0.245, today close at 3.23 C8 still at 0.245. By right tmr shud have correction and tend to gap down isn't???

Anyway today close @ 3.23 almost the same as what im anticipated today, within 3.2 - 3.22. Reversal might be within this 2 days. Guys monitor closely.


Bing Feng Tan wait for gap down tomolo =D
29/12/2015 16:58

you cant compare like this dummy.....every warrant have its worth...premium....exercising price....

we will see...with good fundamental....i am very confident with this stock....

juz look t the last hour closing....volume do the talking

gap up tmr...dun miss

buy call c 8 again....see the que

be prepare c8...very prepare....someone gonna goreng mee

sharks alert....tmr fly

big in at 3.23

i think tmr got chance

c8 got movement...take a look...

flushing out contras.....hope big guys come in soon

yeap...we all on the same boat...juz up more....XD

some buying signal entered....buybuy

no shark detected yet...hope coming soon

sry...3.35

better buy

told u all...sure up...3.37

dunno....so-called window dressing....anything might happen

oil at 36.97 be prepare tmr

oil fell toward 36.97.....tmr we will see

stock to watch also probably are glove counters....as we could see regional market slide....demand is obvious

but ringgit at 4.30 and sharp drop in oil today....still have the chance.....

3.33

buy rate is obviously increasing...

3.32

buy buy...going green....

3.27.....above buy call wan...all eaten by me haha

3.29

my advise is dun keep before seeing the market on next monday...

http://www.theedgemarkets.com/my/article/glove-makers-cry-foul-over-gas-tariff-hike

merry xmas...high 5 for those who earn a lot...be back after a long holiday

tmr? u play urself la...conman